Configuring a Basic Company

Legal entities

A legal entity is an organization that has a registered or legislated legal structure. Legal entities can enter into legal contracts and are required to prepare statements that report on their performance.

A company is a type of legal entity. In this release of Microsoft Dynamics 365 for Finance and Operations, companies are the only kind of legal entity that you can create, and every legal entity is associated with a company ID. This association exists because some functional areas in the program use a company ID, or DataAreaId, in their data models. In these functional areas, companies are used as a boundary for data security. Users can access data only for the company that they are currently logged on to.

https://docs.microsoft.com/en-us/dynamics365/unified-operations/fin-and-ops/organization-administration/organizations-organizational-hierarchies

Path : Organization administration --> Organizations --> Legal entities

1. Click new
2. Press OK
3. Setup company Language & Time Zone